You'll need to sign in or create an account to connect with an expert.
You will not get a 1099-R. If it is a true loan from his 401k, this is not a taxable transaction. He just repays through his paycheck deduction until it's paid off.
You will not get a 1099-R. If it is a true loan from his 401k, this is not a taxable transaction. He just repays through his paycheck deduction until it's paid off.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ediacarian
Level 2
insuq
Level 1
andebeagle
New Member
Ajohnson2252
Level 2
jt108
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.